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The city’s five-year housing plan calls for Chicago officials to spend $1.4 billion to build or preserve 40,000 homes during the next five years. [BRIAN KELLY / FLICKR]

The budget Mayor Lori Lightfoot is preparing to unveil Wednesday will include an extra $10 million to fight homelessness — enough to create about 700 more affordable homes, but a far cry from the boost Lightfoot had promised during her campaign.

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